Not like Most Journey ETFs, JRNY Holds Disney

Disney (DIS) has reappointed Bob Iger as chief government, delighting traders.  

The leisure big introduced on Sunday that Iger would once more take the helm, efficient instantly, after Iger’s hand-picked successor, Bob Chapek, has been scrutinized for his administration of the corporate. 

“It’s with an unbelievable sense of gratitude and humility — and, I need to admit, a little bit of amazement — that I write to you this night with the information that I’m returning to The Walt Disney Firm as Chief Government Officer,” Iger wrote to workers in an e mail, which was obtained by CNBC

Markets rejoiced on the information; shares of Disney elevated round 9% in early buying and selling Monday. Yr-to-date by means of November 18, shares of Disney have fallen 41%, with the inventory hitting a 52-week low on November 9. 

Disney mentioned in a press release on Sunday that Iger has signed on as CEO for 2 years, with a mandate from the board “to set the strategic course for renewed progress and to work intently with the Board in growing a successor to guide the Firm on the completion of his time period.” 

Disney is a high 10 holding within the ALPS World Journey Beneficiaries ETF (JRNY B-), weighted 3.62% as of November 18. Notably, JRNY’s competing journey fund, the *Defiance Lodge Airline and Cruise ETF (CRUZ B-)*, doesn’t maintain Disney as of November 18, in response to VettaFi. 

JRNY is the extra diversified of the 2 choices and carries an expense ratio of 65 foundation factors. Incepted in September 2021, the fund has accreted $8 million in belongings beneath administration, in response to VettaFi. 

Composed of 80 holdings, JRNY’s high holdings at present embrace LVMH Moet Hennessy Louis Vuitton SE (MC), L’Oreal S.A. (OR), Hilton Worldwide Holdings Inc. (HLT), Marriott Worldwide Inc. (MAR), and Cintas Company (CTAS) as of November 18, in response to VettaFi. 

For extra information, data, and technique, go to the ETF Constructing Blocks Channel. owned by VettaFi, which additionally owns the index supplier for JRNY. VettaFi just isn’t the sponsor of JRNY, however VettaFi’s affiliate receives an index licensing charge from the ETF sponsor.

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